Iran oil

The latest news and views about the Iranian oil industry

Economy

Shell Pays Iran Dues over Oil Deliveries

Fatemeh Askarieh -
Royal Dutch Shell paid its outstanding debt of 1.77 billion euros ($1.94 billion) to Iran following the termination of anti-Tehran sanctions.
Economy

Indonesia Eyes 120,000 bpd of Iran’s Crude

Emad Askarieh -
Indonesia plans to buy 120,000 barrels per day of Iranian crude oil, an official with Pertamina, an Indonesian state-owned oil and natural gas corporation, said Friday.
Energy

Iran says oil exports rose by 30%

Emad Askarieh -
Iran said on Tuesday that its oil exports had increased by 30 percent last month. The country’s Oil Minister Bijan Zangeneh has been quoted by the media as saying that exports increased to 1.75 million barrels per day (bpd) during the Iranian month of Bahman, which runs from January 21 to February 19.
Energy

Iran rejects oil freeze call as ‘joke’

Emad Askarieh -
Iran on Tuesday vehemently rejected any possibility that it will stop increasing its oil production with the country’s oil minister Bijan Zangeneh mocking any request on Tehran to that effect as “a joke”.
Energy

Iran, US will have biggest oil production surges: IEA

Emad Askarieh -
Crude oil production by Iran and the United States will experience biggest increases by 2021, according to the International Energy Agency (IEA).
Energy

VINCI, Hyundai interested in Iran largest oil field

Fatemeh Askarieh -
A senior oil official said South Korea's Hyundai and France's VINCI have expressed willingness to be active in largest Iranian oil field 'South Azadegan'.
Economy

Iran exports 7.1mn barrels of oil only in 2 days

Emad Askarieh -
Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.
Energy

Iran Supports Moves to Improve Oil Price: Zangeneh

Emad Askarieh -
Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.
Economy

Iran needs $200bn oil investments

Emad Askarieh -
Iran said on Tuesday that it needs as much as $200 billion in investments to revamp its oil industry.
Energy

Iran putting finishing touches to IPC contracts: Zangeneh

Emad Askarieh -
Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.
Economy

Greece refiner agrees to resume Iran oil purchase

Emad Askarieh -
Greece’s main oil refiner Hellenic Petroleum has reached an agreement with Iran for importing crude oil now that international sanctions have been lifted on Tehran.
Hard News

Iran: All sanctions to be annulled today

IFP Media Wire -
Iran’s Foreign Minister Mohammad Javad Zarif says “all oppressive sanctions imposed against the Islamic Republic will be annulled today.”
Energy

195 companies take part in 12th Kish Intl. Energy Exhibition

Emad Askarieh -
Official in charge of the 12th edition of Kish International Energy Exhibition, dubbed Kish ENEX 2016, says a total of 195 companies from Iran and other countries have taken part in this year’s exposition.
Energy

Iran opens $6 billion gas operations

Emad Askarieh -
Iran brings online two more operations in its biggest gas field, marking the opening of the first such project all carried out by domestic entities in the face of Western sanctions.
Energy

President Rouhani to open South Pars phases 15, 16 on Monday

Emad Askarieh -
Implemented development plans of South Pars oil and gas field will be opened by President Hassan Rouhani on Monday as his government's top prioritized energy project.
Economy

Iran says ready to raise post-sanctions oil output

Emad Askarieh -
Iran has made the necessary preparations for raising crude oil output after international sanctions are lifted later this month, a senior official says.
Economy

Iran ready to deal with oil at $30

Emad Askarieh -
Tayyebniya said the national taxation program can help reduce reliance on petrodollars, warning that the country is already under strain as a result of a severe drop in oil revenues.
Economy

Iran: Sanctions to be lifted in ‘next few days’

Emad Askarieh -
The Iranian oil minister calls on leading energy companies to re-open their offices in Iran in order to get Iranian support. Tag: Iran-sanction
Energy

Flow of Iran’s oil in post-JCPOA era ends oil honeymoon of Arab nations

Emad Askarieh -
When sanctions are lifted, Iran can tap into the great potential of its naval fleet to deliver uninterrupted oil to Turkish refineries.
Energy

Japan ready to increase Iran oil imports

Emad Askarieh -
There is significant potential for the Japanese companies to participate in a variety of oil and gas projects in Iran, said Zanganeh after a meeting with the Japanese foreign minister.
Energy

‘Iran backs any oil market recovery bids’

Emad Askarieh -
Iran’s Oil Minister Bijan Zangeneh says Tehran will support any step to help the recovery of the oil market.
Energy

Austria’s OMV to help double Iran’s oil, gas output

Emad Askarieh -
Iran says it plans to use the help of Austrian energy giant OMV to increase production at its oil and gas reservoirs.
Economy

Iran says ready to export 200k bpd of oil to Spain

Emad Askarieh -
Iran says it is ready to increase its oil exports to Spain to levels that existed before the US-led sanctions were put into place.
Energy

Iran’s shared oil, gas fields need $50 billion

Emad Askarieh -
Iran plans $50 billion of investment to boost recovery from its shared oil and gas fields, including 700,000 barrels per day of crude, Minister of Petroleum Bijan Zangeneh says.
Energy

Iran determined to reclaim its share in global oil market: Zanganeh

Emad Askarieh -
Iran's oil minister says the Islamic Republic is determined to reclaim its share in global oil markets once sanctions imposed on the country’s energy sector are lifted.
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